The city is providing $26.75 million in tax increment financing (TIF) funds to redevelop the site of the former Blue Ridge mall with retail and office space. Since Wal-Mart is the only anchor (it will use more than one third of the total square footage), we attributed the entire subsidy to it. The new Supercenter replaces an even larger (270,000 sq. ft.) Supercenter that Wal-Mart considered too large to be efficient.